22:10 GMT +323 October 2019
Listen Live
    Russian Helicopters on MAKS-2015

    Indian Firm Interested in Buying Up to 5% of Russian Helicopters Shares

    © Sputnik / Ilya Bogachev
    Business
    Get short URL
    0 44
    Subscribe

    Indian company preliminarily showed its interest for 5 percent of the Russian Helicopters company shares, according to Russian Trade and Industry Minister Denis Manturov.

    NEW DELHI (Sputnik) – An Indian company showed interest in purchasing up to 5 percent of the Russian Helicopters company shares, Russian Trade and Industry Minister Denis Manturov said on Friday.

    "Under the same terms as the [United Arab] Emirates in the volume of up to 25 percent, an Indian company preliminarily showed its interest for 5 percent," Manturov said.

    He refrained from mentioning the name of the Indian company.

    In June 2016, Russia's state corporation Rostec signed an agreement on selling 25 percent of its company Russian Helicopters to the Russian Direct Investment Fund (RDIF) and Middle East investment funds.

    In February 2017, the consortium consisting of the RDIF and Middle East investors finalized the deal.

    Related:

    Indian, Arab Investors Interested in Buying Shares of Russian Helicopters
    Russian Helicopters to Demonstrate Mi-17 Repair Process to Indian Specialists
    Russian Helicopters Holding Delivers Two Mi-171 Helicopters to China
    Russian Helicopters Begins Production of Mi-171A2 Choppers - CEO
    Tags:
    Russian Helicopters, Denis Manturov, India, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik